The STI did not cross its previous close of 3,822.68 points, notched on Dec 5. The STI had reached an intra-day high of 3,842.71 points right before the midday break on Dec 5, marking a 17-year high.
The index had crossed the 3,800 level on Dec 3. Its all-time high was 3,906.16, notched in October 2007.
The STI is up 23.37% year to date. Ahead of the 1HFY2024 results season, shares of Singapore’s three local banks advanced in July, bringing the STI above the 3,400-mark for the first time in two years. The STI reached a six-year high on July 10.
While the STI fell the following month to the 3,200 level, it rebounded and crossed 3,600 points in late-September.
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Chart: SGX
